Brazil's Natura up as LVMH, L'Oreal may be suitors for Aesop stake

Shiseido

30/01/2023 14:25

** Shares in Brazilian cosmetics maker Natura & Co  NTCO3.SA 
rise following report on its potential sale of a stake in Aesop
    ** Bloomberg News reports LVMH  LVMH.PA , L'Oreal  OREP.PA 
and Shiseido  4911.T  are among suitors for a stake in the
luxury brand 
    ** Natura has previously said it was considering selling a
minority stake in Aesop, but did not rule out an IPO or spin-off
    ** Shares in Natura & Co Holding SA gain 8.2% to 14 reais in
morning trading, making it the top performer on Brazil's Bovespa
stock index  .BVSP , which is near flat
    ** The cosmetic maker jumped as much as 15% earlier in the
day
    ** Year-to-date, the value of Natura shares are up about 21%
 (Reporting by Gabriel Araujo; Editing by David Alire Garcia)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))